It is obvious global slowdown is still affecting the German economy after record-low unemployment showed the economy is presently thriving on increase in consumer spending due to surge in domestic demand. Also, the data that measures business confidence dropped last month as Bundesbank said “the slowdown in growth will continue in the second quarter as the economy currently have to rely on domestic demand.”

Although data published on Monday signaled that factory orders should pick up in coming months, it’s yet to be ascertained if 1.9 percent increase in overseas orders in March could be sustained given current market uncertainty.

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Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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